Shares of Quidel Corp. (NASDAQ:QDEL) have earned an average rating of “Hold” from the eight research firms that are currently covering the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $21.50.
Several research analysts have recently issued reports on QDEL shares. Zacks Investment Research cut shares of Quidel Corp. from a “buy” rating to a “hold” rating in a report on Saturday, July 23rd. Canaccord Genuity reiterated a “hold” rating and issued a $22.00 price objective on shares of Quidel Corp. in a report on Friday, July 29th.
In related news, SVP John Tamerius sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $23.02, for a total transaction of $161,140.00. Following the completion of the sale, the senior vice president now directly owns 18,540 shares in the company, valued at $426,790.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert Joseph Bujarski sold 22,057 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $22.58, for a total transaction of $498,047.06. Following the sale, the senior vice president now owns 60,100 shares of the company’s stock, valued at $1,357,058. The disclosure for this sale can be found here. Corporate insiders own 23.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. A.R.T. Advisors LLC boosted its stake in shares of Quidel Corp. by 196.5% in the first quarter. A.R.T. Advisors LLC now owns 45,570 shares of the company’s stock worth $786,000 after buying an additional 30,200 shares during the last quarter. Aristotle Capital Boston LLC raised its position in Quidel Corp. by 3.2% in the second quarter. Aristotle Capital Boston LLC now owns 266,364 shares of the company’s stock worth $4,757,000 after buying an additional 8,338 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Quidel Corp. by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 27,980 shares of the company’s stock worth $500,000 after buying an additional 104 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in Quidel Corp. during the first quarter worth approximately $1,012,000. Finally, Menta Capital LLC raised its position in Quidel Corp. by 19.9% in the first quarter. Menta Capital LLC now owns 39,804 shares of the company’s stock worth $687,000 after buying an additional 6,600 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Quidel Corp. (NASDAQ:QDEL) opened at 20.82 on Wednesday. Quidel Corp. has a one year low of $13.21 and a one year high of $23.94. The firm’s market cap is $674.40 million. The firm’s 50 day moving average price is $21.69 and its 200-day moving average price is $19.44.
Quidel Corp. (NASDAQ:QDEL) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.14. Quidel Corp. had a negative net margin of 6.59% and a negative return on equity of 1.06%. The company had revenue of $39.10 million for the quarter, compared to analyst estimates of $37.98 million. During the same quarter last year, the business earned ($0.14) earnings per share. Quidel Corp.’s revenue was up 11.1% compared to the same quarter last year. Equities analysts predict that Quidel Corp. will post ($0.14) EPS for the current fiscal year.